United Kingdom: Economy

Economic Trivia

The UK produces about 60% of food needs with less than 2% of the labor force.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Germany, United States, and Netherlands
Top 3 Exported Goods: Industrial Machinery, Oil & Mineral Fuels, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Machine Tools; Electric Power Equipment; Automation Equipment; Railroad Equipment

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $2,321 billion (2013)
GDP Growth Rate (annual %) 1.662% (2013)
GDP Per Capita, PPP (current international $) $36,209 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 10/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.555% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 34% (2013)
Real Interest Rate (5 year average %) -1.311% (2013)
Manufacturing, value added (% of GDP) 9.83% (2013)
Current Account Balance (BoP, current US$) $-92,382,932,678 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 32,617,520 (2012)
Employment in Agriculture (% of total employment) 1.2% (2012)
Employment in Industry (% of total employment) 18.9% (2012)
Employment in Services (% of total employment) 78.9% (2012)
Unemployment Rate 7.9% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $833,358 million (2013)
Exports of goods and services (current US$) $791,779 million (2013)
Total Merchandise Trade (% of GDP) 46.665% (2012)
FDI, net inflows (BoP, current US$) $35,132 million (2013)
Commercial Service Exports (current US$) $289,175,985,943 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, United Kingdom’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary